What is Azz Inc worth?
With the base-case assumptions below, a discounted cash flow model on Azz Inc's reported free cash flow gives $470.86 per share. The share price was $132.82 on November 9, 2026, 72% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $280.03 | +111% |
| Base | 15.0% | 9.0% | $470.86 | +255% |
| Bull | 20.0% | 8.0% | $826.18 | +522% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $615.33 | $660.38 | $715.44 | $784.26 | $872.75 |
| 8.0% | $506.80 | $536.02 | $570.54 | $611.97 | $662.61 |
| 9.0% | $427.84 | $447.81 | $470.86 | $497.75 | $529.52 |
| 10.0% | $367.96 | $382.16 | $398.26 | $416.66 | $437.89 |
| 11.0% | $321.11 | $331.52 | $343.16 | $356.25 | $371.09 |
Where the presets come from
Base: years 1 to 5 grow at Azz Inc's revenue growth rate over the last 6 fiscal years (22.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions